12.09.202417:30 Forex Analysis & Reviews: USD/CHF: outlook on September 12

Long-term review

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Monthly chart

The USD/CHF pair has made lower lows and it is possible to continue this downward trend on the monthly time frame as there is no signal for the pair to break the previous high. USD/CHF is expected to rebound from the level of 0.88225. Besides, the presence of the 200-moving average above this level supports the decline.

Points of interest (POI)

Buy from: 0.84600 (after breaking the current high at 0.85377)

TP 1: 0.85377 (first structure point)

TP 2: 0.8748 (daily structure)

Stop loss: 0.84200 (below the OB & the OF too)

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